On December 5, 2024, BITKRAFT announced a passive minority investment from Blue Owl.
BITKRAFT Ventures Management, LLC (“BITKRAFT”) announced, on December 5, 2024, a passive minority investment from Blue Owl Capital Inc. (“Blue Owl”). BITKRAFT management and existing personnel will remain in place. Further terms of the transaction were not disclosed.
Blue Owl (NYSE: OWL), based in New York, is an alternative asset manager that invests in real estate, credit, and GP strategic capital. As of September 2024, Blue Owl had approximately $235 billion in assets under management.
BITKRAFT, based in Denver, Colorado, is a global early stage investment platform for gaming, Web3, and immersive technology focusing on Seed, Series A, and Series B investments across the spectrum of interactive media. As of March 2024, BITKRAFT has approximately $838 million in assets under management. Berkshire Global Advisors served as financial advisor to BITKRAFT on the transaction.
To read the press release: please click here.